Key facts
- Segro has agreed to a takeover offer from Prologis.
- The deal is valued at up to £14.3 billion.
- Segro is a FTSE 100 listed company.
- Prologis is a U.S. logistics firm.
- The agreement follows investor pressure.
- The takeover is expected to complete in the first half of next year.
FTSE 100 listed firm Segro has accepted a takeover bid from American logistics giant Prologis. The proposed deal is valued at a maximum of £14.3 billion. This significant agreement follows a period of pressure from Segro's investors, who have been advocating for strategic changes. The transaction is expected to be completed within the first half of the upcoming year. The combination of Segro and Prologis will create a substantial entity within the industrial and logistics real estate sector, potentially leading to significant market shifts and operational synergies. Further details on the integration and future strategy are anticipated following the completion of the deal.